The program will train an inaugural cohort of 291 enterprises across the country on management best practices, debt management, good governance, record keeping, and financial management among others. Uganda Development Bank (UDB), the country’s national Development Finance Institution, has launched the Incubator Program under Enterprise Development Product (EDP). The program
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The Demand and Supply of Credit fell in the 3 months to Feb 2024 (DD fell to UGX 5.12 tn from UGX 6.21 tn and SS fell to UGX 3.22tn from UGX 3.66 tn in the previous quarter), Bank of Uganda’s Monetary Policy Report for April 2024, indicates. “PSC (Private Sector Credit) growth net of
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The Ministry of Information, Communications Technology, and National Guidance, in collaboration with the ICT Association of Uganda (ICTAU), will on Wednesday, April 24, 2024, host the Intellectual Property (IP) Conference. The IP Conference, which will be held at the Four Points by Sheraton in Kampala, is anticipated to provide
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Uganda Breweries Managing Director Andrew Kilonzo before Parliament’s Finance Planning and Economic Development Committee. The new tax proposals in the Excise Duty (Amendment) Bill 2024 once passed by Parliament, would make alcoholic beverages unaffordable to consumers, resulting in reduced volume sales, leading to a decline in annual tax revenues to
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The coffee traceability system will see all coffee farmers and players registered/Business Focus photo Parliament has asked Government to provide Shs32.5Bn to Uganda Coffee Development Authority (UCDA) to establish a coffee traceability system that will see all coffee farmers and players in the coffee sector registered. This is aimed at ensuring that Uganda
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Barbara Asiimwe, Senior Manager - Salaried, at dfcu Bank We are four months into a new year and many of us are still at the initial stages of our yearly resolutions which we set in the hopes of improving our lives. While aspirations vary from person to person, achieving financial
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L-R: Kazeem Tewogbade, Co-Founder of BlueChip Technologies, Chris Baryomunsi from the Ministry of ICT and National Guidance and Soyombo Olumide- Co- Founder, Blue Chip Global technologies during the official launch of BlueChip Technology in Uganda. Today marks a significant milestone for BlueChip Technologies, an African tech giant specialized in Data
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Minister Ruth Nankabirwa (3rd Right) commissioning the biomass plant as UBL officials look on Uganda Breweries Limited (UBL) proudly announces the commissioning of its state-of-the-art UGX 37 billion biomass plant, marking a significant milestone in the organization’s commitment to sustainability while demonstrating dedication to reducing its carbon footprint. The facility represents a substantial investment by
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Grace Nandawula, (Second left) Nutrition Category Manager at Unilever hands over a basket with items donated to the muslim community to Executive Imam at Kibuli Mosque, Sheikh Mutyaba Abdusalam during the culmination of the 'share goodness' campaign. Unilever’s iconic seasoning brand, Royco, concluded its month-long Ramadhan campaign with a grand
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The fertilizer in question/ courtesy photo The State House Anti-Corruption Unit has started withdrawing stolen fertilizers from Container Village and the market in general. The Unit is currently investigating a matter in which a Turkish company, Iskenderun Fertilizer Inc., was defrauded over Shs 2.2 billion in a transaction for the supply
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